FTC GIVES OK ON BUYBACK OF LAUREN LINE

WASHINGTON--The Federal Trade Commission said Tuesday it has given Ralph Lauren the go-ahead to buy back his women's wear license from Bidermann Industries USA.
In a routine action, which came with no further comment, the FTC listed the deal on its daily release of corporate acquisitions it sees as having no anticompetitive effects. Because of the size of the deal, Lauren had to get government antitrust approval.
As reported, Lauren has negotiated to buy back his women's license for $40 million to $45 million, the final price depending on inventories and other variables. Bidermann, currently reorganizing in Chapter 11 proceedings, has held Lauren's women's wear license for 22 years. The business includes the Collection, Ralph Lauren Sport and Ralph lines, and the designer has stated he will expand with new labels.
In 1994, according to court papers, sales of Ralph Lauren Womenswear totaled $120 million.
A hearing in the Bidermann bankruptcy court proceedings to approve the sale has been scheduled for Wednesday, Sept. 20.

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